Early Warning and NuData Security Sign Agreement to Deliver Improved Digital Identity Confidence
Early Warning, the industry leader in real-time payments, authentication and risk mitigation and NuData Security, an award winning behavioral analytics company, today revealed a strategic alliance that will allow Early Warning to utilize behavioral analytics and risk decisioning as part of the company’s comprehensive authentication platform.
A main focal point to the Federal Reserve’s strategies for improving the U.S. Payment System is the safety and security of faster payments solutions.
As data breaches and cyber-crime poses an increasingly visible threat, the ability to deliver the convenience and increased functionality of faster payments while balancing evolving and complex fraud mitigation strategies is a top priority.
Early Warning has simplified and unified how authentication is administered for a broad array of payments use cases to enable greater flexibility and customization of risk strategies while decreasing the operational inefficiencies that typically accompany individual authentication point solution implementations.
“Early Warning has taken yet another fundamental step in securing and optimizing real-time payments,” said Eric Woodward, group president of Risk Solutions for Early Warning. “Integrating NuData’s behavioral analytics and risk decisioning within our robust authentication offering provides financial institutions a unique and powerful ability to secure a variety of faster payments use cases while still offering a great experience.”
“In our new alliance with Early Warning, we’re addressing the overwhelming need of financial institutions to provide better and more accurate verification of customers in real-time. By integrating our behavioral analytics, passive biometrics and decisioning with their authentication platform, FI’s will have powerful new abilities to truly understand their users while providing great experiences for trusted users,” said Michel Giasson, CEO of NuData Security. “We’re looking forward to providing improved authentication and meeting the needs of Early Warning customers with our integrated platform.”